With my personal observation on the current market situation, the EURUSD is in the ranging mode. If you refer to my Daily chart above, EURUSD is now in between the 38.2% and 0% level of the Fibo. The main trend for the Daily chart still shows a bear market with some retracements. A reversal may occur if the price break 61.8% level or a continuation of the trend will occur if the price of the EURUSD breaks the 0% level. Personally, I will be looking for another short trade with the Euro and expecting another bear push if the current price break the 0% level.
Looking for a challenging trade next week. Until then happy trading guys ;)